Synopses & Reviews
Messier employs the audit approach currently being used by auditing professionals. This approach is a direct result of the demands of Sarbanes-Oxley, which has changed the way auditors do their jobs. The approach emphasizes understanding the entity (i.e., the organization or business being audited) and its environment (i.e. industry), and then assessing the business risks faced by the entity and how management controls those risks. This audit process focuses on business processes instead of accounting cycles. This unique and innovative approach has been developed in response to changing market dynamics. The systematic approach, referred to in the subtitle of the text, reflects the early introduction of three basic concepts that underlie the audit process: materiality, audit risk, and evidence; this allows Messier to build upon this model in subsequent chapters. These are central to everything an auditor does and a unique feature of Messier. As such, this approach helps students develop auditor judgment, a vital skill in todays auditing environment.
Table of Contents
Auditing and Assurance Services: A Systematic Approach, Seventh Edition
Part I Introduction to Assurance and Financial Statement Auditing
Chapter 1 An Introduction to Assurance and Financial Statement Auditing
Chapter 2 The Financial Statement Auditing Environment
Part II Basic Auditing Concepts: Risk Assessment, Materiality and Evidence
Chapter 3 Risk Assessment and Materiality
Chapter 4 Audit Evidence and Audit Documentation
Part III Planning the Audit, and Understanding the Auditing Internal Control
Chapter 5 Audit Planning and Types of Audit Tests
Chapter 6 Internal Control in a Financial Statement Audit
Chapter 7 Auditing Internal Control over Financial Reporting
Part IV Statistical and Nonstatistical Sampling Tools for Auditing
Chapter 8 Audit Sampling: An Overview and Application to Tests of Controls
Chapter 9 Audit Sampling: An Application to Substantive Tests of Account Balances
Part V Auditing Business Processes
Chapter 10 Auditing the Revenue Process
Chapter 11 Auditing the Purchasing Process
Chapter 12 Auditing the Human Resource Management Process
Chapter 13 Auditing the Inventory Management Process
Chapter 14 Auditing the Financing/Investing Process: Prepaid Expenses, Intangible Assets, and Property, Plant and Equipment
Chapter 15 Auditing the Financing/Investing Process: Long-Term Liabilities, Stockholders Equity, and Income Statement Accounts
Chapter 16 Auditing the Financing/Investing Process: Cash and Investments
Part VI Completing the Audit and Reporting Responsibilities
Chapter 17 Completing the Audit Engagement
Chapter 18 Reports on Audited Financial Statements
Part VII Professional Responsibilities
Chapter 19 Professional Conduct, Independence, and Quality Control
Chapter 20 Legal Liability
Part VIII Assurance, Attestation, and Internal Auditing Services
Chapter 21 Assurance, Attestation, and Internal Auditing Services